Charts added to the post as I finish them. Post complete.
Bonds reached the first support level of 142^15 today. What next? If wave (a) is to only be an a-b-c formation, it could be done and thus any bounce set a lower high before rolling lower in the first steps of ‘a of (b)’. The other option is that (a) turns into a five wave sequence, which implies a modest new high to the December 10th high before a more serious retrace.
Charts added to this post as I finish them. Post complete.
Bonds are attempting to roll down with the daily cycles but must drop under 142^15 and 141^25 before becoming more confident that wave (b) lower is in progress.
Adding charts to this post as they are completed. Post complete.